Regular readers of our Lexington securities fraud blog know that in our previous post, we discussed pump and dump schemes. Pump and dump happens when fraudsters encourage investors to buy shares in a company (often with false and misleading statements) and then dump their shares when the price is high. Equities.com recently took a look at the […]
The Lexington Herald Leader recently reported that a man sentenced to a decade in prison for securities fraud has had his sentence cut in half. Sixty-nine-year-old Paul Greenwood is best known for three things: his crimes, his fascination with teddy bears and the time he spent as part-owner of the New York Islanders hockey team. […]
The story is one familiar to our regular Lexington readers: early investors received substantial returns. Later investors in the scam were left holding the bag. The Ponzi scheme that operated out of Orange County, California, has a touch of Hollywood, though: the man at its helm used investor funds to finance a movie about a Mexican […]
MihalekLaw pursues FINRA arbitration cases against R.S.A., LLC of over $20,000,000 Unrated Defaulted Municipal Bonds underwritten and sold by Ross, Sinclaire, & Associates (“RSA”) of Cincinnati, Ohio to St. Catharine College. If you believe you may have a claim against your stockbroker or financial adviser, contact us online or call us at 859-233-1805 to speak with a Securities Attorney. MihalekLaw provides […]
His lifeless body floated in the cold, dark water of the Hudson River. A 16-page suicide note said he could no longer bear “the pure emotional weight of the guilt” he felt. It gave details of his $5 million Ponzi scheme that had ensnared more than two dozen people, including his own mother. But even death did […]
Earlier this year, the Department of Justice announced the federal grand jury indictment of a broker-dealer allegedly involved in a “pump and dump” scheme that included Kentucky USA Energy Inc. The New York broker is accused of securities fraud and conspiracy to commit securities fraud. The scheme involved two companies, Kentucky USA Energy and Raven Gold Corporation. […]
If you are a relatively new community bank (de novo bank), or an institutional-sized business without a Bloomberg machine and the staff who know how to operate it, you are at risk to be overcharged on your bond transactions. How can you tell if you’re being overcharged? You cannot – not without the right tools, expertise […]
The short answer is yes. But penny stocks have been involved in what are known as Pump and Dump scams. Anyone who has seen the 2013 film “The Wolf of Wall Street” is familiar with the notion of penny stocks. While they are quite legal there are illegal ways to promote them and manipulate their […]
There are interesting parallels in the stories of Lance Armstrong and Karen Bruton. Armstrong was the inspirational cycling icon who beat cancer and repeatedly won the Tour de France, the sport’s toughest race. Bruton’s exploits were financial rather than athletic. She was heralded as “Supertrader,” an options trader and hedge fund manager who made millions […]
